Identiv, Inc. operates as a global security technology company that secures things, data, and physical places.

According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements regarding, among other things, the Company’s revenue recognition practices, key accounting metrics, and its internal controls. On November 30, 2015, Identiv announced that its independent public accounting firm resigned and that the accounting firm was unwilling to be associated with the consolidated financial statements prepared by management for the 2015 fiscal periods. On this news, the price of Identiv common stock fell 15.59%, from a closing share price of $2.95 on November 30, 2015 to $2.49 per share on December 1, 2015 on extremely heavy trading volume.

This case was voluntarily dismissed on December 16, 2015. On the same date, a related action was filed and docketed under 15-CV-05775.

This case was dismissed with prejudice on January 4, 2017. Lead Plaintiff filed a Notice of Appeal on February 2. On March 26, 2018, the Court of Appeals affirmed the District Court's decision.